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| 01908cam 2200313za 4500 |
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| 001 | 9.862373 |
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| 003 | CaOODSP |
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| 005 | 20221107161011 |
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| 007 | cr ||||||||||| |
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| 008 | 180926s2018 oncd ob f000 0 eng d |
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| 040 | |aCaOODSP|beng |
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| 041 | |aeng|bfre |
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| 043 | |an-cn--- |
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| 086 | 1 |aFB3-6/2018-9E-PDF |
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| 100 | 1 |aChernis, Tony. |
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| 245 | 10|aNowcasting Canadian economic activity in an uncertain environment |h[electronic resource] / |cby Tony Chernis and Rodrigo Sekkel. |
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| 260 | |a[Ottawa] : |bBank of Canada, |c2018. |
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| 300 | |aii, 39 p. : |bcol. charts. |
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| 490 | 1 |aBank of Canada staff discussion paper, |x1914-0568 ; |v2018-9 |
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| 500 | |a"August 2018." |
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| 504 | |aIncludes bibliographical references. |
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| 520 | 3 |a"This paper studies short-term forecasting of Canadian real GDP and its expenditure components using combinations of nowcasts from different models. Starting with a medium-sized data set, we use a suite of common nowcasting tools for quarterly real GDP and its expenditure components. Using a two-step combination procedure, the nowcasts are first combined within model classes and then merged into a single point forecast using simple performance-based weighting methods. We find that no single model clearly dominates over all forecast horizons, subsamples and target variables. This highlights that when operating in an uncertain environment, where the choice of model is not clear, combining forecasts is a prudent strategy"--Abstract, p. ii. |
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| 546 | |aIncludes abstract in French. |
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| 692 | 07|2gccst|aGross domestic product |
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| 692 | 07|2gccst|aEconomic forecasting |
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| 700 | 1 |aSekkel, Rodrigo M. |
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| 710 | 2 |aBank of Canada. |
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| 830 | #0|aStaff discussion paper (Bank of Canada)|x1914-0568 ; |v2018-9.|w(CaOODSP)9.806273 |
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| 856 | 40|qPDF|s875 KB|uhttps://publications.gc.ca/collections/collection_2018/banque-bank-canada/FB3-6-2018-9-eng.pdf |
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